We are in a uptrend for GBPNZD. A pullback has been initiated and bounced off the 61.8% fib retracement. Set stop loss behind price zone/61.8% fib at 1.90367. Target profit is at 27% fib located at price 1.93341.
Comment:
We came back to test 61.8% fib retracement for a double bottom (BUY). Our target profit will be the 27% fib level at 1.93341.